H-1B visa fee hike to cut Indian IT firms’ margins by just 10-20 bps, revenue to grow 2-4 pc
New Delhi, Sep 25 (IANS) The US government's decision to impose a $1 million fee on new H‑1B visas for foreign workers will likely reduce the operating margins of Indian IT services companies by only 10 to 20 basis points next fiscal year, with firms likely passing some costs to clients, a report said on Thursday.